More Advantages of an ESOP

If you are an owner looking for a long-term exit strategy, or if you have employees who think like business owners, or if you are a private company with 30 or more employees, you might want to consider forming an ESOP.  This article explains ESOPs and their tax benefits. What is an ESOP? An Employee Stock Ownership Plan (ESOP) is a company-funded retirement plan that holds company stock in accounts for the employee participants.  An ESOP is a... Read More

Why Should Companies Consider Succession Planning?

The success of a company depends on the quality of its leaders and the management team they put in place. Often times, owners of a business spend a great deal of time and resources to put a management team in place that is capable of driving profitability and competitiveness while instilling the right corporate culture in the company. Such positive measures in turn benefits the owners and current leaders of the company. The question is what happens... Read More